The new hires will meet the growing demand of individual borrowers to provide small-ticket business loans and build seamless delivery. To keep pace with the increasing customer demand, continue branch expansion efforts and augment its portfolio for diverse technologies, the Company also plans to reach an AUM of INR400 crores by FY2023 from about Rs120 crore (FY2022, projected).
Elaborating on the plans, Mayur Modi, Co-founder – Moneyboxx Finance Ltd, said, “Our customer base has grown consistently, leading to an increase in demand for full-stack technological and service offerings. As a result, we are seeking experienced professionals across functions and branches for seamless service delivery to customers. Functioning via an entirely digital process, risk analytics and solid branch unit economics with low Capex and operating costs, our business model will catalyze efforts to boost the workforce.”
Recently, Moneyboxx crossed the Rs100 crore AUM and plans to reach the figure of Rs400 crore by FY2023 with its focus on essential sectors and services. To date, the Company has transformed the lives of more than 12,000 borrowers. Of these, 26% were women entrepreneurs and 31% first-time borrowers.
At around 10:22 AM, Moneyboxx Finance was trading at Rs122.45 per piece higher by 1.32% on Sensex.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.